• Mercy Jimenez
    Not a good week for insider traders; now Bristol Meyers exec in handcuffs http://bloom.bg/OLqzno BMY down 7% after drug study halt
    8/2/12
    Reply (20)
    • neobliviscar: Surprised they caught him. Thanks for alert on BMY, as I missed that. Put on a small trade there.
      8/2/12
    • Mercy Jimenez: I added 4 an "anticipated" longer hold as dropped <$33 today; dividend yield of 4.1%; market machinations will drive whether I bail or hold
      8/2/12
    • neobliviscar: We played BMY $25 to $30. Missed it during <$30 pullback last time. With drop-off, perfect 4 Put sells to go long low beta Div at discount.
      8/2/12
    • neobliviscar: FYI, when Big Bad news often a 2nd day drop for the slower institutes to slam out. Might bottom Fri. Put on 60% today. Possible 40% more Fri
      8/2/12
    • Mercy Jimenez: Agree, am filled 40%; but continue 2 bypass options; just enjoy freedom of playing it anytime I want premkt, aftermkt, + no expir rolls
      8/2/12
    • Mercy Jimenez: BTW, with volatility I expect during August -- we may well have more shots at it below $33 B4 Sept. FOMC/Jackson Hole
      8/2/12
    • neobliviscar: True. We don't roll mostly 2cash very often. Did after last week's crazy run up. Aug focus on low beta quality w/ recent discounts like BMY
      8/2/12
    • teejii: The CEO been doing some very heavy regular automatic selling since the start of April, maybe he though it reached the fair value point.
      8/2/12
    • Mercy Jimenez: teejii, saw he had transactions over the years but grew his net direct share ownership each yr while >> corporate returns 21% on his watch
      8/2/12
    • Mercy Jimenez: http://bit.ly/QC8eK1
      8/2/12
    • neobliviscar: Reading up on Ramnarine now. What a greedy fool... Glad they actually caught someone for once. Now how about those NKE insider traders?
      8/2/12
    • Mercy Jimenez: Amazing that Ramnarine did Google searches on corporate computer re: the fine points of insider trading traps http://reut.rs/QjzBsN
      8/2/12
    • neobliviscar: Added bit more BMY today. Up to 80% now of what I would buy. Save the last 20% for tomorrow.
      8/2/12
    • Mercy Jimenez: Yes UBS analyst now flagging how they overpaid for HEP C acquisition; helped dragged it further http://bit.ly/QjJgzF
      8/2/12
    • neobliviscar: Boy, they're throwing everything at BMY aren't they. Typical herd behavior. I'm caught up watching KCG fireworks.
      8/2/12
    • teejii: Yes you're correct, unfortunately I mixed up the previous CEO, current chairman - he's been reducing much. But he still has a huge position.
      8/2/12
    • Ocean Man: I bought BMY today. Will double up if if drops tomorrow. Hep C acquistion was <5% of market cap, shouldn't drop 8.6%.
      8/2/12
    • Mercy Jimenez: You're right teejii -- the Non-Executive Chairman is 68 years old -so he's probably doing retirement planning http://reut.rs/NpaxLE
      8/2/12
    • neobliviscar: Friday: Market back to Crazy Town. Still expect to add last 20% of BMY today.
      8/3/12
    • Mercy Jimenez: Yes, also watching euphoria in full force; may just stay partially filled BMY; silver+ going strong in advance of CME margin drops Mon.
      8/3/12